The company’s first application of Nanotrap is a urine-based test to detect Lyme disease at its earliest stages. Lyme disease is a bacterial infection that causes fatigue, flu-like symptoms and a rash.

The funding will support accelerated development of the test, which Ceres hopes will gain regulatory approval within two years.

Nanotrap has been developed with funding and support from the National Institutes of Health, the Defense Advanced Research Projects Agency, the Bill and Melinda Gates Foundation, and the Commonwealth of Virginia.

The US Department of Defense last year awarded $980,000 to Ceres Nanoscience to adapt Nanotrap to capture immune makers from non-invasive sample types, in collaboration with Tufts University and George Mason University.

Ross Dunlap, chief executive of Ceres Nanosciences, said: “This is a milestone achievement for Ceres Nanosciences and the timing could not be better, as there is a growing demand from patients and physicians, alike, for better ways to conduct non-invasive and highly accurate testing.

“Our Nanotrap technology platform will enable a convenient way of detecting Lyme disease, routinely and effectively, using a patient’s urine sample and a simple point-of-care test device.”

Copyright Mawsonia Limited 2010. Please don´t cut articles from www.globaluniversityventuring.com or the PDF and redistribute by email or post to the web without written permission.